BUSINESS
Experts say IBC Amendment Bill yet to address real estate insolvency, NCLT understaffing and poor recovery by operational creditors
Despite the IBC being in place for over nine years now, operational creditors (OCs) continue to feel sidelined, and reforms have done little to improve their position in recoveries.
BUSINESS
Boost domestic consumption, urge exporters to look inwards: Govt’s plan to curb tariffs’ impact
Making products cheaper through GST rate reduction, putting money in the pockets of newly employed youth and asking exporters to also cater to domestic demand are some of the measures under the government's multi-pronged strategy to counter external pressures.
BUSINESS
Centre proposes 5 and 18% rates under revamped GST regime: Sources
Officials said that the Centre has proposed to move almost all the items in the 28 percent slab, barring sin goods, to 18 percent slab; and move 99 percent of items in the 12 percent slab to 5 percent.
BUSINESS
Centre proposes to move to a two-slab 'standard and merit' GST structure
Key areas identified for next-generation reforms include the rationalisation of tax rates to benefit all sections of society, especially the common man, women, students, middle class, and farmers, says the finance ministry
BUSINESS
Lenders prioritized over government’s dues in IBC Amendment Bill, guarantors can't disrupt insolvency
The bill extends the role of the committee of creditors to liquidation process as well, which was earlier restricted to resolution alone. It also proposes to now allow creditors to include assets belonging to corporate or personal guarantors as part of ongoing insolvency process.
BUSINESS
FM Sitharaman tables IBC Amendment Bill, cross-border and group insolvency frameworks introduced
The new Bill seeks to modify section 7 of the IBC to specify that an application for initiating the corporate insolvency resolution process by the financial creditors shall be admitted if a default exists, and no other grounds shall be considered for deciding such an application.
BUSINESS
Govt may double MSEs' collateral-free loan limit to Rs 20 lakh under credit guarantee scheme
The move comes as Trump's tariffs on Indian goods are expected to hit micro & small enterprises the hardest. A decision is likely before the end of the month
BUSINESS
Centre mulling to drop 'ex-ante' regulations from revised Digital Competition Bill amid concerns of stifling innovation
Experts say ex-ante regulations are at odds with principle-based regulation. They prescribe rules for significantly large companies aiming to prevent market failure as opposed to an interventionist approach, where the regulator steps in after reviewing evidence of harm to the market, they say.
BUSINESS
REITs push for bank loan access, cite parity with InvITs but govt split on proposal
At present, REITs, rely heavily on equity markets, bond issuances, and other debt instruments like commercial papers, which can be pricier and more susceptible to market fluctuations
BUSINESS
India should weigh savings from importing Russian oil against tariff risk: Nobel laureate Banerjee
Banerjee suggested India consider diversifying oil imports beyond Russia and engage with China to expand its export base.
BUSINESS
Economists peg FY26 growth at 6.3%, lower than RBI's forecast, but don’t expect a further rate cut
The central bank may not cut the rates further unless the growth momentum slows significantly more than the current expectation, economists say.
BUSINESS
GST on online gaming: Centre argues before SC that full value of bets should be taxed
Experts have argued that the bets placed by players are transitory stakes which remain unsettled until the outcome of the game, and a nuanced interpretation of taxing the actual fee charged by the platforms better aligns with both legislative intent and economic substance of the law.
BUSINESS
Centre argues online gaming firms are 'suppliers', rejects HSN code as prerequisite for GST payment
Centre says e-gaming companies qualify as ‘supplier’ and would therefore become the ‘taxable person'
BUSINESS
Centre eyes more handloom parks to empower 35 lakh weavers, improve quality, says Textiles Ministry official
On trade deal with UK, the official said that the government is hoping the free trade agreement (FTA) will significantly increase India’s handlooms' exports to the country, and make London a distinct market for the sector.
BUSINESS
Over 1.1 million youth given employment by Centre in past 16 months, says labour minister
ELI Scheme is yielding very good results today and will make a significant contribution to the creation of 40 million new jobs in the country in the coming days, said Mandaviya.
BUSINESS
Govt aiming to launch a portal soon for investors to reclaim their shares and dividends within days as against a year
Over a lakh crore of shares are lying unclaimed with the government, IEPFA says the digital portal will help investors reclaim shares within days of approval.
BUSINESS
Decoding 'India's dead economy' for Mr Trump
India's economic growth is expected to touch 6.5% in 2025-26, higher than 1.9% and 4.8% growth rates of US and China , India's savings rate at 18.1% and debt at 81% of GDP, places India ahead of major advanced economies.
BUSINESS
TCS assures Labour Ministry: Lateral hires will be onboarded
The meeting, however, didn’t discuss the mass-layoffs announced by TCS. 'That will be discussed later,' an official confirmed to Moneycontrol.
INDIA
India looking at expanding textiles exports to other markets, as it awaits clarity on US tariffs: Govt official
The US is India’s largest market for textile and apparel exports. During January-May 2025, US imports of textile and apparel from India were valued at $4.59 billion, up 13 percent compared to the same period last year
BUSINESS
Offshore online-gaming firms increasingly using crypto to evade tax, say officials
The Directorate General of GST Intelligence can only track 10% of crypto transactions, leaving thousands of crores worth of transactions undetected, officials say
BUSINESS
Industry 'disappointed' as US Imposes 25% tariff on Indian goods
If this tariff is sustained, this move may directly affect key sectors such as marine products, pharmaceuticals, textiles, leather, and automobiles, where bilateral trade has been especially robust, say analysts.
BUSINESS
TCS faces labour ministry scrutiny amidst 12,000 job cuts, hiring delays
The Nascent Information Technology Employees Senate has written two letters to the chief labour commissioner's office in recent days, seeking the ministry’s intervention regarding the large-scale layoffs and postponing getting newly hired employees on board.
BUSINESS
High pendency plagues NCLAT: Analysts push for dedicated Competition benches
Some experts say an attempt to revive the erstwhile COMPAT or Competition Appellate Tribunal can be made, as they were dedicated tribunals—dissolved in 2017—to deal with Competition matters.
INDIA
Tariff uncertainties, weak private investment may limit India’s economic momentum: FinMin
The Indian economy in mid-2025 presents a picture of 'cautious optimism', said the ministry
